Jio Finance Limited (JFL), the NBFC arm of Jio Financial Services Limited, has launched a fully digital Loan Against Securities (LAS) for its customers. Available through the JioFinance app, this secured lending solution lets customers borrow against their investments, such as shares and mutual funds, without selling them. With loans up to Rs. 1 crore and interest rates starting at 9.99%, LAS offers a quick, 10-minute digital process tailored to individual risk profiles.
The LAS offering, including Loan Against Shares and Loan Against Mutual Funds, provides flexible tenures of up to three years with no foreclosure charges. This allows customers to access short-term funds while preserving their long-term investment goals. The JioFinance app serves as a one-stop platform for seamless financial services, enhancing accessibility and convenience.
Kusal Roy, Managing Director and CEO of Jio Finance Limited, emphasized, “The launch of Loan Against Securities aligns with our digital-first strategy to revolutionize financial services. It’s a key step toward making finance more accessible, efficient, and customer-centric.”
Beyond LAS, JFL offers diverse lending options like home loans, loans against property, and corporate financing, all integrated into the JioFinance app. The app also supports UPI payments, money transfers, savings accounts, digital gold, insurance, and investment tracking, catering to varied financial needs.
By offering instant access to capital while preserving investment growth, JFL is redefining the way customers interact with financial services in India.
